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    Profit Maximization

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    A monopolistic firm operates in two seperate makets. No trade is possible between market A and market B. The firm has calculated the demand functions for each market as follows:

    Market A p = 15 -Q
    Market B p = 11 -Q

    The company estimates its total cost function to be:

    TC = 4Q Calculate:

    a. Quantity, total revenue and profit when the company maximizes its profit and charges the same price in both markets.

    b. Quantity, total revenue and profit when the company charges different prices in each market and maximizes its total profit.

    Please show calculations it is very helpful for me as I have difficulty with the math.

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    https://brainmass.com/economics/demand-supply/profit-maximization-83724

    Solution Summary

    Word documents contains calculations of:
    Calculate:

    a. Quantity, total revenue and profit when the company maximizes its profit and charges the same price in both markets.

    b. Quantity, total revenue and profit when the company charges different prices in each market and maximizes its total profit.

    $2.19